Founded in 1968, Italy Ferretti Group was the largest luxury yacht manufacturer over the world, and owned eight yacht brands, among which, the four brands Ferretti, Pershing, Riva were top 10 brands of the world. Ferretti Group owned the most advanced ship development, power matching and interior design centers, global supplier system more than 670 companies and most advanced manufacturing system of the world. Ferretti developed more than 100 dealers and agents in over 80 countries and area, and set up more than 100 repair website and supply center of parts in 35 countries to ensure continuous supply of more than 5000 accessories. The company had 9 shipyards, among which, 8 shipyards were in Italy, and 1 was in Miami of America, and had nearly 2,000 employees.
In order to build Blue Economic Zone of Shandong peninsula, Weichai Group signed the strategic restructure agreement with Ferretti Company on January 10th, 2012, and Weichai Group obtained 75% share of New Ferretti Company by a price of 374 million Euros. Two sides completed the delivery formally on July 3rd, 2012. Though the restructure, Weichai Group achieved the transformation from only depending on investment to consumer-driven, from land power manufacturer to sea power manufacturer, and from operating Chinese brand to global brand. That was the symbol of high-end yacht manufacturing base landing in Shandong comprehensively.
Ferretti Yachts, the Group’s historical brand established in 1968 builds flybridge planing yachts in GRP measuring 55 to 96 feet (16-27 meters) in length overall.
Pershing, joined the Ferretti Group in 1998, and is one of the leading companies in the world for the production of open fibreglass yachts, with a single driving position, measuring between 50 and 115 feet (15-35 meters).
Itama, historical brand in the Italian shipbuilding industry, one of the most famous in the sector of open type fiberglass yachts, with the single, outdoor driving position and classical hull, in lengths varying from 45 to 75 feet (around 14-24 meters) and a speed of 34 to 50 knots.
Riva was founded in 1842 and has been part of the Ferretti Group since 2000. It is one of the best-known producers of luxury fiberglass yachts in the world measuring 27 to 122 feet (9-37 meters) of flybridge, open and coupé lines.
Mochi Craft, has been part of the Ferretti Group since 2001, and has been designing and building luxury fiberglass loabster boat – Dolphin line - with the typical American shape with a contemporary design and layout, measuring 13 to 23 meters since 2003.
CRN, established in 1963 under the name of “Costruzioni e Riparazioni Navali S.r.l.” joined the Ferretti Group in 1999, and builds fully-custom steel and aluminium displacement mega-yachts measuring 40 to 90 meters.
Custom Line , established in 1996, builds semi-custom flybridge planing yachts in GRP measuring 28 to 38 meters in length overall. Custom Line features two distinct product lines: the planing series and the Navetta series.